Vietnam is fast becoming one of Southeast Asia’s most strategic locations for producing rare-earth permanent magnets, especially NdFeB (Neodymium Iron Boron). Driven by global demand from EVs, renewable energy, robotics, aerospace, and high-efficiency motors, Vietnam is attracting Japanese, Korean, and regional magnet manufacturers — alongside local factories scaling up their capabilities.
This guide provides a structured overview of Vietnam’s leading magnet producers, including companies specializing in:
- sintered NdFeB
- SmCo
- ferrite
- AlNiCo
- and magnet assemblies
If you’re an industrial buyer, procurement manager, or project engineer evaluating magnet sourcing in Vietnam, this list offers clarity on who the key players are, their capabilities, and how they fit into the wider rare-earth ecosystem.
List of Top Neodymium Magnet Manufacturers and suppliers in Vietnam
1. Shin-Etsu Magnetic Materials Vietnam
(Operated under Shin-Etsu Chemical Group)
Website: https://www.shinetsu.co.jp/en/
Established: 2013 (refining), 2015–2016 (magnet plant)
Location: Hai Phong Province, Vietnam
Company Type: Rare-earth refining & NdFeB magnet manufacturer
Main Products
- Neodymium (NdFeB) Magnets
- Rare-earth magnet materials for drives and motors
Company Profile
Shin-Etsu Vietnam is a major milestone in Vietnam’s industrial landscape. As part of Japan’s Shin-Etsu Chemical — one of the world’s most recognized rare-earth magnet producers — this plant integrates rare-earth refining, sintering, and fabrication under one umbrella.
Initially constructed in phases starting 2014, the facility was built next to Shin-Etsu’s rare-earth raw material plant, allowing:
- tighter process control
- stable upstream supply
- lower logistics cost
Annual production capacity exceeds 2,000 tons of neodymium magnets, with expansion aligned to the growing needs of global EV platforms, compressors, servo drives, and automation systems.
Strengths
- vertically integrated rare-earth refining
- consistent Japanese QC and traceability
- strong supply to Tier-1 automotive and industrial clients
2. MainRich Magnets
(China-Based NdFeB Manufacturer with Regional Vietnam Supply Support)
Website: https://mainrichmagnets.com
Established: 1990s
Headquarters: China
Company Type: Manufacturer & Global OEM Supplier
Main Products
- Sintered NdFeB Magnets
- High-temperature Motor Magnets
- Custom Magnet Assemblies
- Rare-earth materials
Company Profile
MainRich is a 30-year experienced NdFeB magnet manufacturer supplying industrial, high-performance magnets globally — including to customers operating in Vietnam, Southeast Asia, Japan, Europe, and North America.
The company specializes in:
- motor-grade NdFeB
- Dy/Tb diffusion for high temperatures
- tight tolerance machining
- special geometries
- coating protection (NiCuNi, epoxy, Zn)
This makes MainRich well-suited for robotics, servo drives, EV motors, aerospace components, industrial automation, and medical devices requiring precision and strength.
For buyers seeking alternative sourcing to local Vietnamese factories while still operating within the Asian supply chain, MainRich offers mature engineering support and flexible customization capacity.
Key Strengths
- fast sample turnaround cycles
- specialized magnetic orientation
- deep technical heritage in NdFeB
- cost optimization engineering (Dy reduction / GBD techniques)
3. HAPPY Magnet Co., Ltd
Website: https://happymagnetvn.com
Established: 2018
Location: Vietnam
Company Type: Permanent magnet manufacturer
Main Products
- NdFeB Magnets
- SmCo (Samarium-Cobalt) Magnets
- Ferrite Magnets
- AlNiCo Magnets
- Flexible Magnets
Company Profile
HAPPY Magnet is one of Vietnam’s modernized multi-material magnet producers, serving heavy machinery, medical sensing technologies, automotive components, electronics, and renewable applications.
They emphasize:
- corrosion resistance
- thermal stability
- surface treatments
- custom geometry machining
This broad product portfolio makes HAPPY Magnet suitable for industrial buyers needing more than one magnet type or specialized applications outside standard NdFeB.
4. SGI Vina Co., Ltd (Star Group Industries)
(Star Group Industries, South Korea)
Website: http://sgtech.co.kr/home_en/
Established: 2022 (project), operational 2025
Location: Bac Chu Lai Industrial Park, Quang Nam Province
Company Type: High-performance NdFeB manufacturer
Main Products
- NdFeB permanent magnets
- PrNd, DyFe, TbH-based magnetic alloys
Company Profile
SGI Vina is the most ambitious new entrant in Vietnam’s magnet industry. The factory — backed by an $80 million Korean investment — is being built for industrial-level output of high-performance NdFeB magnets, specifically for EV and electric-drive systems.
Planned annual capacity reaches 4,000–5,000 tons, enough to support millions of electric motors. This positions SGI as one of Southeast Asia’s future leaders in magnet scaling, with potential to directly supply EV manufacturers, Tier-1 motor integrators, and automation companies.
Strengths
- large-scale, EV-oriented magnet output
- strategic location in developing industrial zone
- full-scale manufacturing potential
5.JIADA Magnet Vietnam (JDM VN)
Website: https://jadamagnet.com
Established: 1998
Location: Vietnam
Company Type: NdFeB magnet manufacturer
Main Products
- Neodymium permanent magnets
- Customized magnet geometries
Company Profile
JIADA Magnet Vietnam is a long-established magnet factory with decades of operational and technical background. Its internal R&D capability — reportedly around 30 engineers and technicians — supports product testing and new magnet development.
JIADA serves regional and domestic industries requiring reliable NdFeB magnets, from consumer electronics to industrial motors. The factory is best suited for moderate performance demands and customers looking for Vietnam-based production stability rather than extreme high-temp or EV-specific grades.
6. SuperPower Magnet Co., Ltd
Location: Ho Chi Minh City Region
Company Type: Permanent magnet manufacturer & fabricator
Main Products
- NdFeB Magnets
- Ferrite Magnets
- AlNiCo Magnets
- SmCo Magnets
- Magnet assemblies & basic fixtures
Company Profile
SuperPower Magnet appears in multiple Vietnam industry directories as a manufacturer offering rare-earth and ferrite magnets for general industrial use. With an estimated medium-scale production capacity, they are suited to supply magnets for motors, small equipment, separation systems, filtration machinery, and basic automation devices.
Compared to advanced NdFeB specialists, SuperPower Magnet is stronger in:
- simpler component supply
- mixed magnet categories
- cost-sensitive orders
7. Dai Viet Magnet Company Limited
Location: Nam Sach, Hai Duong Province
Company Type: Rare-earth & permanent magnet manufacturer
Main Products
- NdFeB Magnets
- SmCo Magnets
- Ferrite Magnets
- Flexible & bonded magnets
Company Profile
Dai Viet produces a broad range of magnet types, shapes, and specifications, including:
- cylindrical
- ring
- arc
- block
- polygon forms
Public listings indicate they hold ISO 9001, IATF 16949, and RoHS compliance, reinforcing their suitability for automotive, electronics, and export-oriented industries. Their diverse product mix is valuable when buyers need multiple magnet grades or cost-variable solutions.
8. GMT VINA Co., Ltd
Location: Hanoi, Vietnam
Company Type: Magnet manufacturer & distributor
Main Products
- Rare-earth magnets
- Ferrite magnets
- Flexible magnets
- Magnet sheets and strips
- Basic magnet equipment
Company Profile
GMT VINA manufactures and distributes multiple magnet types for domestic and regional industries. While not a high-end EV magnet producer, the company is suitable for:
- general engineering needs
- prototyping
- mixed magnet categories
- smaller volume orders
For manufacturers needing affordable magnets, non-EV ferrite, flexible strips, lifting magnets, or magnetic fixtures, GMT VINA is a practical local option.
Vietnam Magnet Supply — Buyer FAQ
1) Is Vietnam a reliable source of NdFeB magnets?
2) What certifications should I request?
- ISO 9001
- IATF 16949 (vehicle-grade magnets)
- RoHS / REACH
- Internal material traceability
- Flux density inspection reports
3) Should I choose a Vietnam factory vs. a Chinese factory?
Vietnam advantage:
- supply-chain diversification
- lower labor & facility cost
- emerging capacity in high-performance NdFeB
China advantage:
- mature rare-earth ecosystem
- Dy/Tb diffusion mastery
- complex geometries & finer tolerances
- consistent high-temperature motor grades
Many buyers use both:
- Vietnam for diversification
- China (ex: MainRich) for critical custom magnets
Can I order small-batch or custom magnets for prototypes?
How do I choose the right magnet manufacturer for my project?
Consider factors like material expertise, custom engineering capability, compliance requirements, lead time, U.S. support presence, and production scale.
For more info, check out this magnet buyers bible
Conclusion
Vietnam’s magnet manufacturing ecosystem is growing rapidly. With pioneers like Shin-Etsu, rising large-scale players like SGI Vina, and local suppliers such as HAPPY Magnet and Dai Viet — the country is forming a meaningful industrial presence in the global rare-earth space.
At the same time, custom-engineered magnets, advanced Dy/Tb diffusion, and high-grade motor magnets remain strongly concentrated in experienced factories like MainRich.
For buyers, the best strategy is a hybrid one:
- develop Vietnam as a secondary sourcing channel,
- combine with proven technical suppliers for large-scale or mission-critical magnets.
If you’re evaluating magnet sourcing in Vietnam or building an EV, robotics, or automation platform, our engineers are always open to discuss requirements.
